CIBC Raises goeasy (TSE:GSY) Price Target to C$200.00

goeasy (TSE:GSY) had its price objective lifted by investment analysts at CIBC from C$175.00 to C$200.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 15.07% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. National Bankshares increased their price target on shares of goeasy from C$190.00 to C$195.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Royal Bank of Canada raised their price target on shares of goeasy from C$193.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. BMO Capital Markets boosted their target price on goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Desjardins lifted their target price on shares of goeasy from C$165.00 to C$185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Raymond James boosted their price target on shares of goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, goeasy has an average rating of “Moderate Buy” and an average price target of C$189.11.

goeasy Stock Performance

Shares of TSE GSY traded up C$10.26 during midday trading on Wednesday, reaching C$173.81. The company’s stock had a trading volume of 94,315 shares, compared to its average volume of 40,148. The stock has a market capitalization of C$2.89 billion, a P/E ratio of 12.00, a PEG ratio of 0.84 and a beta of 2.03. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. The firm has a 50 day moving average price of C$164.41 and a 200-day moving average price of C$147.19. goeasy has a 12-month low of C$87.00 and a 12-month high of C$180.10.

goeasy (TSE:GSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 earnings per share for the quarter, topping the consensus estimate of C$3.92 by C$0.09. The business had revenue of C$338.11 million for the quarter, compared to analysts’ expectations of C$340.35 million. goeasy had a return on equity of 25.77% and a net margin of 33.21%. As a group, equities analysts predict that goeasy will post 16.5811069 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David Ingram sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. Corporate insiders own 22.53% of the company’s stock.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.